Elon Musk pauses crypto currency payments for Tesla
Well, well. In a move toward real environmental solutions, Elon Musk is pushing the crypto markets to go green and stop using coal and fossil fuels to generate electricity.
He also called Dogecoin “a hustle” which is actually true of all of crypto currencies, every new buyer is at the bottom of the next pyramid scheme. So the bounce that Dogecoin expected got tanked by Musk’s appearance on SNL. It’s possible that many of his friends and relatives invested in it… Sellers can just as easily drop from the pyramid top, as well.
Traditional currency markets have this arbitrary risk as well, usually not as extreme in volatility, and national currencies are tied to more predictable real politics and economies.
Thank you, crypto-market-manipulating-Billionaire, for even if your goal is more green profits, you are doing the right thing to encourage reduced fossil fuel use and that matters. This is an earth-first, best-planet move.
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